I got my mother to buy 15 bitcoins over the past year. Have you done similar?

[gondel]

Hey,
I convinced several persons to start earning BTC by working.
There are a lot of developers who are opened to such thing and are ready to be paid in BTC.
I made my brother buy little BTC when it was at 100$
BR

[Sevvero]

I got my own mother to purchase 15 BTC over the past year. She will be sitting pretty in 5 years

(and don't worry, I secured the bitcoin for her)



Have you gotten someone you know or love to buy bitcoin because you want them to be doing well in the future?

Post your success stories here.

No, I did not. I'm not into ruining my family's finances.

[Kluge]

Bitcoin is a horrible investment for someone not paying close attention to it. It's very speculative and needs to be treated as such, with constant analysis. Bitcoin can easily tank and never recover if the smart money moves somewhere else, and I have no doubt Bitcoin will eventually be replaced by another crypto. Holding no significant amount of altcoins, I have no idea when it'll happen outside that it's not happening in the next week and it's very likely to happen before I die.

[Aswan]

my gf got some BTC because of my advice

[soccosocco]

I also have people I love, but I can not be happy their
I never bought since I know bitcoin bitcoin in april
I did just look for free bitcoin to buy and sell goods
regards.

[InwardContour]

Not my mother but my wife, I've started to talk about bitcoins with her but she wasn'r really interested until I clicked on the charts.
The exponential rise of these years made she crazy.

[2double0]

Most people I know would not understand the concept and would prefer cash

[cryptworld]

it is ok if you could afford that investment

[novacn]

Kind of duty for bitcoiners to convince people around. New money alwasy means potential price rise.

[kerafym]

Bitcoin is a horrible investment for someone not paying close attention to it. It's very speculative and needs to be treated as such, with constant analysis. Bitcoin can easily tank and never recover if the smart money moves somewhere else, and I have no doubt Bitcoin will eventually be replaced by another crypto. Holding no significant amount of altcoins, I have no idea when it'll happen outside that it's not happening in the next week and it's very likely to happen before I die.

Some early bitcoin holders bought and forgot the coins for a few years and then become millionaire after they saw the news.

[Shawshank]

I am staying at my parents' house this summer. They refuse to charge me, but I will give them 1000 euros in bitcoins to cover expenses. Paper wallet, they don't do computers.

[Kluge]

Bitcoin is a horrible investment for someone not paying close attention to it. It's very speculative and needs to be treated as such, with constant analysis. Bitcoin can easily tank and never recover if the smart money moves somewhere else, and I have no doubt Bitcoin will eventually be replaced by another crypto. Holding no significant amount of altcoins, I have no idea when it'll happen outside that it's not happening in the next week and it's very likely to happen before I die.

Some early bitcoin holders bought and forgot the coins for a few years and then become millionaire after they saw the news.

Some people win the lottery. So what?

[Puberty]

does your mom understand how it works, or is she just listening to your advice (or seeing other people make money off bitcoin)?

She understands the basics and she gets it more each time we talk. But she wouldn't know how to send it herself. I will control her keys for her if she is ready to cash out.

Isn't there a saying that if you don't control the private key, then you don't have any bitcoins? I remember people were saying that when Mt. Gox went under.

[phillipsjk]

Isn't there a saying that if you don't control the private key, then you don't have any bitcoins? I remember people were saying that when Mt. Gox went under.

In my case, both my mother and I have access to the private key (generated off-line). That *mostly* counts as control. My parents don't actually have Bitcoin software installed yet.

If they swept to a new wallet they generated; they would have to worry about the geographically separate back-ups I largely took care of already.

[Asianconnect]

I also want the idea of sitting pretty in the next 5 years, purchasing bitcoin i guess could be one of the stepping stone.

[colinistheman]

does your mom understand how it works, or is she just listening to your advice (or seeing other people make money off bitcoin)?

She understands the basics and she gets it more each time we talk. But she wouldn't know how to send it herself. I will control her keys for her if she is ready to cash out.

Isn't there a saying that if you don't control the private key, then you don't have any bitcoins? I remember people were saying that when Mt. Gox went under.

Yes, this is true.

I actually printed the private key onto paper and put it in a sealed envelope and handed it to her. She decided that I should control it for her since she doesn't know what to do with it.

[colinistheman]

I am staying at my parents' house this summer. They refuse to charge me, but I will give them 1000 euros in bitcoins to cover expenses. Paper wallet, they don't do computers.

That's very cool of you. You have a good sense of responsibility and fairness.

[bg002h]

I got my own mother to purchase 15 BTC over the past year. She will be sitting pretty in 5 years

(and don't worry, I secured the bitcoin for her)



Have you gotten someone you know or love to buy bitcoin because you want them to be doing well in the future?

Post your success stories here.

Basically same story here. I'm cautious by nature but she ended up with $20k and ฿20 after a series of bitcoin purchases totaling about $4000.

[maurya78]

I got my mom to buy a few as well
She was pretty open to the idea, I was pleasantly surprised

[Harley997]

I have got my father ready to buy 15 BTC this month, he has a good grasp of BTC as he is involved in stocks etc and knows how to hold till the price goes up, he has been holding other stocks for 8+ years and currently 1000% profit and still waiting to cash out.